Virgin Money has announced that it will take effect tomorrow (September 23).
Within the lender’s exclusive purchase range, it will launch a 75% loan-to-value (LTV) biennium fixed interest rate with a fee of £895, at 3.99%, and a 75% LTV with a 4.24% savings on a two-year fixed fee charge for LTV.
Within the same range, Virgin has reduced the 75% LTV five-year fixed interest rate by 0.16%, from 4.06% and 90% LTV two-year fixed interest rate charges by 0.16% to 4.52%.
The two-year fixed-rate savings for buying 95% LTV will be reduced by 0.10% to 4.99%, while the five-year fixed-rate savings for 95% LTV will be reduced by 0.10% to 4.89%.
Re-loan products including 65% LTV two-year fixed interest rates will be reduced by 0.34% from 3.99%, while 65% LTV five-year fixed interest rates will be reduced by up to 0.12%, starting at 4.04%.
Within the Buy Scale (BTL) range, Virgin has reduced the 60% LTV fixed rate by 3% by fee, reducing 0.15% to 2.83%, while the 75% LTV two-year fixed rate (3%) will reduce 0.10% to 3.04%.
Meanwhile, Virgin Money will withdraw its exclusive 95% LTV biennial fixed fee charge starting from 8 p.m. tonight.
